The Federal Reserve's absurd price inflation target of 2% has been hit.
The Labor Department said this morning that core Consumer Price Index, which excludes food and energy, increased 0.2 percent last month. It was the third straight month that the core CPI increased by that margin.
In the 12 months through November, the core CPI rose 2.0 percent, the largest gain since May 2014, after rising 1.9 percent in October.
Almost no one is ready for the price inflation that is ahead. Especially not the Fed, they will raise rates but nowhere quick enough to slow the inflation.